Income Taxes

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

17. Income Taxes

All of the Company’s continuing operations are located in the PRC. The corporate income tax rate in the PRC is 25%.

The following tables provide the reconciliation of the differences between the statutory and effective tax expenses for the six months ended June 30, 2022 and 2021:

	06/30/2022			06/30/2021
Loss attributed to PRC operations	$	(1,237,271	)	$	(1,886,999	)
Loss attributed to U.S. operations		(749,058	)		(345,214	)
Loss attributed to Canada operations		(330,158	)		(426,398	)
Loss attributed to Hong Kong operations		(302,513	)		-
Income attributed to BVI		-			-
Loss before tax	$	(2,619,000	)	$	(2,658,611	)
PRC Statutory Tax at 25% Rate		(309,318	)		(471,750	)
Effect of tax exemption granted		-			-
Valuation allowance		446,775			471,897
Income tax	$	137,457		$	147
Per Share Effect of Tax Exemption
Effect of tax exemption granted	$	-		$	-
Weighted-Average Shares Outstanding Basic		48,043,041			20,213,245
Per share effect	$	-		$	-

The difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows as of June 30, 2022 and 2021:

	06/30/2022			06/30/2021
U.S. federal statutory income tax rate		21	%		21	%
Higher (lower) rates in PRC, net		4	%		4	%
Non-recognized deferred tax benefits in the PRC		(19.75	)%		(25	)%
The Company’s effective tax rate		5.25	%		-	%